$BTC

Spot BTC In-Depth Insights 20260212 11:00 UTC

Key Points

Bitcoin has seen a significant price rebound in the past 24 hours, accompanied by a large flow of institutional funds, laying the groundwork for potential market changes in the future.

1. Institutional and Regulatory Support: A large accumulation of Bitcoin by institutions and emerging positive regulatory trends are becoming apparent.

2. Technical Rebound and Resistance Levels: Bitcoin is showing a short-term bullish technical trend but faces strong resistance at $70,000.

3. Macroeconomic and Structural Concerns: Strong employment data in the U.S. and macro cycle analysis indicate that prices may be further corrected.

Highlights

1. Institutional Accumulation: A SAFU fund from a certain exchange has completed a $1 billion reinvestment into Bitcoin, accumulating 15,000 BTC, further solidifying confidence in Bitcoin as a long-term reserve asset.

2. Bullish Technical Momentum: The MACD indicator has recently shown a bullish crossover, and the histogram is positive, indicating that upward price momentum has continued to strengthen over the past 24 hours.

3. Regulatory Adoption: Hong Kong has approved licensed cryptocurrency platforms to provide guaranteed financial resources and perpetual contracts, with Bitcoin being used as collateral. This not only expands the practical scenarios for Bitcoin but also enhances its market accessibility.

Risks

1. Macroeconomic Headwinds: Recent strong U.S. non-farm employment data and a declining unemployment rate have reduced the likelihood of an interest rate cut by the Federal Reserve in March, which could exacerbate downward pressure on crypto assets.

2. Key Resistance and Distribution: Bitcoin struggles to break through the $70,000 resistance level; some analysts point out that a weekly distribution pattern has emerged in the weekly chart, and prices may touch deeper cyclical bottoms around $45,000.

3. CME Gap Reappears: The weekly CME gap has resurfaced, and this technical signal historically often indicates a prolonged downward trend, suggesting that prices may face further correction.